Why Buying a Vacation Home Beats Renting One This Summer

May 23, 2023

For many of us, visiting the same vacation spot every year is a summer tradition that’s fun, relaxing, and restful. If that sounds like you, now’s the time to think about your plans and determine if buying a vacation home this year makes more sense than renting one again. According to Forbes:

“. . . if the idea of vacationing at the same place every year makes you feel instantaneously relaxed, buying a vacation home might be a wise move.”

To help you decide if making a move like this is right for you, let’s explore why you may want to consider purchasing a vacation home today.

Benefits of Owning Your Vacation Home

You don’t have to worry about finding a place to stay. It can be a challenge to find a rental where you want, when you want. Some summer vacation destinations are more popular than others, meaning your favorite place may be booked up in advance. Bankrate explains why owning your vacation home means you don’t have to worry about that sort of inconvenience:

“. . . a second home can offer a place to have quality time with your family and ensures that you always have a vacation destination.”

It’s an investment. Home values typically appreciate over the long haul. That holds true for your vacation home as well, especially if it’s in an area with growing market demand. This can help grow your net worth with time.

Vacation homes may provide tax benefits. If you own a vacation home, you may be eligible for tax deductions based on where it is. However, before buying, you’ll want to consult with a tax professional to discuss first as taxes can vary by location.

It could potentially turn into a retirement location. If you love the location of your vacation home, you could potentially sell your primary residence and retire there in the future.

How a Pro Can Help You Find Your Perfect Match

As you’re preparing for summer vacation, remember, you could potentially visit your second home instead of another rental unit or hotel. If that sounds appealing to you, a

local real estate agent is your best resource. They have the knowledge and resources to help you understand the area and what vacation homes are available in your budget. Plus, these agents can explain the perks of how owning a second home can benefit you.

Bottom Line

If any of these reasons for owning a vacation home resonate with you, reach out to me.

Marcus Bruno
(281) 969-3817

https://springhomesearch.com/woman-seeking-young-man/

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About the Broker/Owner

Marcus Bruno

Licensed real estate broker with over 20 years of experience in the industry, beginning his career in 2000 as a real estate agent and earning a broker's license in 2010. Known for a strong passion for helping people find their dream homes and negotiating the best deals. Specializing in residential real estate with extensive knowledge of the local market and trends. In 2015, a move to Houston with his family led to the opening of Bruno Fine Properties Inc in 2018—a real estate brokerage serving Spring and surrounding communities. A proud father of five beautiful girls and happily married to Malika Bruno since 2003. Outside of real estate, time is often spent with family, working out, and reading. He's always eager to meet new clients and share valuable market knowledge.

Remarkable service for remarkable you!

testimonials

Let me just say, my fiance and I absolutely adore Marcus and would recommend him to anyone trying to buy or sell a home. We were so impressed with him, we were already recommending him to our friends and family before we even closed on our own home. We originally had another real estate agent and had to relieve him after being passed up for 5 different homes because of the lack of timeliness and professionalism that was displayed. We were very frustrated to say the least, so we did an agent search and were paired up with Marcus by chance and we were so blessed we found him. Marcus is extremely professional and patient with his customers and is willing to go the extra mile. Marcus's knowledge of the process way surpassed anyone we had ever dealt with before. He was always available right when we needed him and checked in frequently with us to see us through the whole process. He was able to negotiate with the home owner and bring down the price significantly. I do not have anything negative to say about Marcus and will highly recommend him to everyone I know. We have definitely had a wonderful experience and will deal with him in any of our future endeavors.

Richard & Winona Chavira

You were accessible. I could call on you anytime and, if you were not available at that moment, you returned each call and email as soon as you were available. You were never rude to me or made me feel I was intruding. Not even when I'd call you on a Saturday or Sunday afternoon after I found a property that looked interesting and wanted more information on it.

Karen Beasley

The presentation was basic enough that a novice could grasp the content, which is what I needed since I’m just getting started. I know the one on one personalized counseling isn’t probably part of your normal routine, but I found that part most helpful. Hearing advice and strategies from you and the loan officer helped me understand where I need to be. I have ready told my family and friends about the workshop! I think it is such a great value. Knowledge is power. In order to move smart, you have to know what’s going on. So, thanks again!

Nakischa Davis

Marcus paid particular attention to our specific needs in the selling of our condo. He kept our requirements in mind and provided precise and professional advice to assist us when we had to take decisions. However, what we found most helpful among the services he provided was his explanation of the entire process as we went along. He was able to answer each question in detail, and indicate the next steps to be taken.

Obadiah and Jenea Johnson

Marcus helped my wife and I purchase our home in 2013 and the experience was amazing! We really benefited from his vast knowledge and expertise in real estate. Marcus has a way of taking the stress out of the home buying process through patience and willingness to answer all questions in detail, no matter how many times you ask the same question. From the initial consultation all the way to the closing table, there was a very relaxed, pleasant and worry- free vibe that he created. Marcus has proven to be not just a professional but a friend who cares and we appreciate him to the fullest!